Brett MacDougall and Michael DeSantis of Unique Properties Announces the Following Sale:
Fully Leased, Class-A Industrial/Flex Property w/ I-25 Frontage Sells for $11 Million in Castle Rock
Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the Off-Market Sale of 158 & 165 Caprice Ct, Castle Rock, CO for $11,000,000 or $254.85/SF. For any information related to the cap rate, please reach out to either Michael DeSantis or Brett MacDougall.
Brett MacDougall and Michael DeSantis, Vice Presidents, with Unique Properties, Inc. / TCN Worldwide, represented the Buyer in this transaction. The Buyer, an investment firm out of Los Angeles, was in a large 1031 exchange and was looking to expand their industrial/flex portfolio in the Colorado Market. The Seller, a local owner/investor, built the property in 2014 for his business and will remain in a portion of the building for at least the next 5 years post-closing. Over time, the Seller, has leased out the remaining suites in the building to various local and regional tenants, offering the buyer a rare multi-tenant industrial investment opportunity with prominent I-25 Frontage.
“The Buyer was attracted to not only the overall quality of the construction, but the ease of the NNN leases and the prominent highway frontage/signage on Interstate 25 that the building offers” Michael DeSantis noted. The property is comprised of two (2) high-clear warehouse buildings, totaling 43,000 SF, and sits on 3.74 acres; located well within the path of development that is ongoing within the City of Castle Rock, which presented a tremendous amount of upside to the Buyer down the road.
“As the industrial investment market continues to tighten, our Buyer was thrilled to be able to acquire such a functional and prominent asset within the Castle Rock area” MacDougall added.
Tenants within the property include Napa Auto Parts, MailMyStatements, Pacific North, and the ConneXionSpot.
To schedule an interview with a Unique Properties Broker regarding this transaction, please contact: Katie Guardino at kguardino@uniqueprop.com or Michael DeSantis at mdesantis@uniqueprop.com
About Unique Properties, Inc. / TCN Worldwide
Unique Properties, Inc. / TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 450 commercial real estate transaction in 2021. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence. For more information about the services provided by Unique Properties, Inc. / TCN Worldwide, please visit uniqueprop.com.